Beacon Chain block 81059

Hash

1ce352ca9459ba3e7bc6797b48ff81e43733776a98a67e8e79d98917c5cf1258e...

26 Nov 2021 18:24:11 UTC (3 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.